Quarterly report [Sections 13 or 15(d)]

Divestitures (Tables)

v3.25.3
Divestitures (Tables)
 9 Months Ended
Sep. 27, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The carrying amounts of the major classes of Altera's net assets that we sold as of the September 12, 2025 transaction close date included the following:
(In Millions)
Assets
Cash and cash equivalents
 $ 400 
Inventories
 673 
Property, plant and equipment, net
 198 
Identified intangible assets, net
 394 
Goodwill 781 
Other assets
 316 
Total assets
$ 2,762 
Liabilities
Accrued compensation and benefits $ 182 
Other liabilities 218 
Total liabilities
$ 400 
Our pre-tax gain was calculated as follows:
(In Millions)
Proceeds from divestiture, net of cash sold and direct selling costs $ 4,266 
Deferred consideration1
457 
Fair value of retained interest in Altera1
3,246 
Less: net assets of Altera, net of cash sold (1,962)
Less: separation and employee-related costs and other1
(461)
Gain on divestiture of Altera $ 5,546 
1 Certain aspects of the net purchase consideration have yet to result in cash inflows and outflows and therefore reflect non-cash investing and financing activities within our Consolidated Condensed Statements of Cash Flows for the three and nine months ended September 27, 2025.